NIFTY SEEMS TO BE STONG BUT BNF IS WEEK WILL IT DRAG NITY DOWN!!
COMPARING OF YESTERDAY STATEMENTS WITH NIFTY TODAYS MOVE.
1.I SHARED WHITE SOLID LINE ON FRIDAY , MONDAY PRICE TOOK SUPPORT AND TUESDAY GAVE 160 PTS GAP UP OPENING. BUT COULD NOT TAKE OUT WHITE DOTTED LINE . AS MENTIONED YESTERDAY LONG CAN ONLY BE INITIATED WHEN DOTTED LINE IS TAKEN OUT. RATHER PRICE BREACHED SOLID LINE SUPPORT. SECOND CLUE OF WEEKNESS , FRIST WAS GAP DOWN OPEN ON MONDAY. GREEN CHANNEL LOWER BAND WILL SUPPORT IS HAVING LESS CHANCES .
2. WHITE AND RED ZONE IS HAVING MORE CHANCES TO BREACH , GERNALLY CHANNEL SUPPORT AND ZONE SUPPORT ARE BREACHED BY GAP DOWN OPENING. SO CHANCES ARE QUITE HGH BUT IF MARKET OPEN FLAT ABOVE GREEN CHANNEL THEN SHORTS SHOULD NOT BE INITIATED TILL PRICE MAKE SOME RESISTANCE AREA WHILE TRADING. NOR LONG CAN BE INITATED TILL WHITE DOTTED LINE IS BREACHED.
3. ON BREAKING CHANNEL DOWN , BLUE COLOR LINE IS FIRST SUPPORT . THAT WILL BE ACHEIVED TILL FRIDAY. SEE STRUCTURES ARE CHANGED WHEN SUPPORT OR RESISTANCE BREAK. SO ARE SENTIMENTS CHANGED. A GOOD TRADER NEVER STICK WITH ONE SENTIMENT. IF STRUCTURE OF PRICE IS CHANGING , SENTIMENTS ARE CHANGING.
4. STRUCTURES ARE CHANGED WHILE TRADING. SINCE I TRADE IN BNF SHOW YOU EVERY DAY HOW SENTIMENTS ARE CHANGED . TODAY POST OF BNF IS GOOD EXAMPLE OF THIS. REST MARKET WILL DECIDE.
YOGESH VATS
1.I SHARED WHITE SOLID LINE ON FRIDAY , MONDAY PRICE TOOK SUPPORT AND TUESDAY GAVE 160 PTS GAP UP OPENING. BUT COULD NOT TAKE OUT WHITE DOTTED LINE . AS MENTIONED YESTERDAY LONG CAN ONLY BE INITIATED WHEN DOTTED LINE IS TAKEN OUT. RATHER PRICE BREACHED SOLID LINE SUPPORT. SECOND CLUE OF WEEKNESS , FRIST WAS GAP DOWN OPEN ON MONDAY. GREEN CHANNEL LOWER BAND WILL SUPPORT IS HAVING LESS CHANCES .
2. WHITE AND RED ZONE IS HAVING MORE CHANCES TO BREACH , GERNALLY CHANNEL SUPPORT AND ZONE SUPPORT ARE BREACHED BY GAP DOWN OPENING. SO CHANCES ARE QUITE HGH BUT IF MARKET OPEN FLAT ABOVE GREEN CHANNEL THEN SHORTS SHOULD NOT BE INITIATED TILL PRICE MAKE SOME RESISTANCE AREA WHILE TRADING. NOR LONG CAN BE INITATED TILL WHITE DOTTED LINE IS BREACHED.
3. ON BREAKING CHANNEL DOWN , BLUE COLOR LINE IS FIRST SUPPORT . THAT WILL BE ACHEIVED TILL FRIDAY. SEE STRUCTURES ARE CHANGED WHEN SUPPORT OR RESISTANCE BREAK. SO ARE SENTIMENTS CHANGED. A GOOD TRADER NEVER STICK WITH ONE SENTIMENT. IF STRUCTURE OF PRICE IS CHANGING , SENTIMENTS ARE CHANGING.
4. STRUCTURES ARE CHANGED WHILE TRADING. SINCE I TRADE IN BNF SHOW YOU EVERY DAY HOW SENTIMENTS ARE CHANGED . TODAY POST OF BNF IS GOOD EXAMPLE OF THIS. REST MARKET WILL DECIDE.
YOGESH VATS
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